Strengthening Board oversight through the Nominating Advisory Committee and the Compensation Advisory Committee
First written in FY2020. 4 of 6 entries say "Advanced", first in FY2021. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「During the fiscal year, the Nomination Committee met 11 times. The committee resolved proposals concerning the appointment of directors to be submitted to the General Meeting of Shareholders and submitted recommendations to the Board of Directors concerning the appointment of executive officers and other matters based on consultations from the Board. It also discussed succession plans for directors and executive officers, among other matters.」
After transitioning to a company with three committees, the company held 11 meetings of the Nomination Committee and 8 meetings of the Compensation Committee, which deliberated on the appointment and compensation of directors and executive officers, succession and other matters. - FY2025AdvancedAnnual report
「During the fiscal year, the Nomination Advisory Committee met 9 times and the Compensation Advisory Committee met 6 times. On 28 March 2025, the company transitioned to a company with three committees and newly established a Nomination Committee, Audit Committee and Compensation Committee, each with a majority of outside directors. During the fiscal year, the Nomination Committee met once and the Compensation Committee met once.」
In addition to the activities of the former Nomination and Compensation Advisory Committees, the company established the statutory Nomination Committee, Audit Committee and Compensation Committee after transitioning to a company with three committees, and disclosed the number of meetings held. - FY2024Update on advisory committee meetings heldAnnual report
「During the fiscal year, the Nomination Advisory Committee met 9 times and the Compensation Advisory Committee met 3 times.」
The company disclosed the number of meetings held during the fiscal year by the Nomination Advisory Committee and Compensation Advisory Committee, as well as their deliberations and recommendations concerning the appointment of officers and compensation. - FY2023AdvancedAnnual report
「During the fiscal year, the Nomination Advisory Committee met 14 times and the Compensation Advisory Committee met 9 times.」
The Nomination and Compensation Advisory Committees deliberated on the appointment of officers and compensation, submitted recommendations to the Board of Directors, and disclosed the number of meetings held during the year. - FY2021AdvancedAnnual report
「During the fiscal year, the Compensation Advisory Committee deliberated on compensation levels and other matters, and submitted the results to the Board of Directors.」
For the Nomination Advisory Committee and Compensation Advisory Committee introduced in FY2020, the company deliberated on compensation levels and other matters and submitted recommendations to the Board of Directors. - FY2020First statedAnnual report
「The Nomination Advisory Committee and Compensation Advisory Committee comprise all independent outside directors, the chair of the Board of Directors and the president and executive officer. In response to consultations from the Board of Directors, the committees deliberate on the appropriateness of proposals for the appointment and dismissal of officers, the design and levels of executive compensation, and other matters.」
The company described a system under which the appointment and dismissal of officers and their compensation are deliberated by advisory committees including independent outside directors, with recommendations then submitted to the Board of Directors, as a new governance body.